Fuel

The Biden administration wants to give consumers rebates for purchasing electric vehicles to help the U.S. compete against China in manufacturing the next generation of automobiles, White House climate adviser Gina McCarthy said.

Without mentioning his predecessor’s name, President Joe Biden criticized former President Donald Trump while visiting a Ford Motor Co. plant in Dearborn, Mich., on May 18, saying Trump’s rollback of fuel standards delayed an inevitable move to electric vehicles.

President Joe Biden made an unscheduled stop at a Ford Motor Co. test track outside Detroit on May 18, where he hopped into the company’s new all-electric F-150 pickup truck and took a spin.

Elon Musk’s Twitter posts keep sending Bitcoin prices tumbling. His own fortune is heading in the same direction. On May 17, Tesla Inc.’s CEO lost his spot as the world’s second-richest person.

The national average price of a gallon of diesel climbed 6.3 cents to $3.249, according to Energy Information Administration data, in the third straight increase for trucking's main fuel.

President Joe Biden’s planned visit May 18 to the Dearborn, Mich., Ford Motor Co. Rouge Electric Vehicle Center that will build an electric version of the F-150 pickup will showcase what experts say is a powerfully symbolic example of a zero-emission vehicle with mass market appeal, built in the U.S. by union workers.

WASHINGTON — Energy Secretary Jennifer Granholm says the nation is “over the hump” on gas shortages following a ransomware cyberattack that forced a shutdown of the nation’s largest gasoline pipeline.

Daimler Trucks North America announced its new Detroit eConsulting services and the Detroit eFill line of electric commercial vehicle chargers intended to support fleets and customers in the deployment of all-electric trucks.

Gas shortages at the pumps are spreading from the South to the Mid-Atlantic states, where Virginia and the District of Columbia have become some of the hardest hit areas after a cyberattack that forced a shutdown of the nation’s largest gasoline pipeline.

At their highs, five electric vehicle startups that went public through mergers with special purpose acquisition companies were worth $60 billion. The corrections that followed have been brutal.